Featured Tax Evasion

UPCOMING WEBINAR: The Inside Track – The US Senate’s Investigations into Financial Crime

KYC360 will be presenting an informative webinar discussing the US senate’s probes into financial crime, including issues pertainng to money laundering and tax evasion, as detailed in a new book by Elise J. Bean. Date: 11 December 2018 Time: 2PM UK Time Topic: The Inside Track – The US… Read More

EU Parliament calls for inquiry into €55 billion cum-ex tax fraud

Members of the European Parliament have called for an inquiry to examine various aspects of the cum-ex multi-billion euro tax fraud scheme, which has hit Germany and possibly several other European countries. The lawmakers want the probe to establish the ‘real actors’ behind the scam, whether there were breaches of… Read More

Deutsche Bank raided over money laundering, offshore Panama Papers trouble

Police officers in Frankfurt raided the offices of Deutsche Bank regarding a Panama Papers investigation, which is believed to involve facilitating money laundering in tax havens. Deutsche Bank confirmed raids occurred on Thursday morning, saying in a statement: “We confirm that the police are currently conducting an investigation at… Read More
7th December 2018
KYC360 will be presenting an informative webinar discussing the US senate’s probes into financial crime, including issues pertainng to money laundering and tax evasion, as detailed in a new book by Elise J. Bean. Date: 11 December 2018 Time: 2PM UK Time Topic: The Inside Track – The US… Read More
7th December 2018
AP — Cuba’s government has modified a series of measures unpopular with the country’s private sector, including lifting restrictions on the number of business permits a person can have and the number of chairs there can be in restaurants, a top official said Wednesday. In July,… Read More
4th December 2018
Members of the European Parliament have called for an inquiry to examine various aspects of the cum-ex multi-billion euro tax fraud scheme, which has hit Germany and possibly several other European countries. The lawmakers want the probe to establish the ‘real actors’ behind the scam, whether there were breaches of… Read More
30th November 2018
Police officers in Frankfurt raided the offices of Deutsche Bank regarding a Panama Papers investigation, which is believed to involve facilitating money laundering in tax havens. Deutsche Bank confirmed raids occurred on Thursday morning, saying in a statement: “We confirm that the police are currently conducting an investigation at… Read More
22nd November 2018
A tale of drug money laundering spanning from the crowded streets of Casablanca to the pristine shores of Lac Leman, Geneva, has finally come to its conclusion in the courts in Paris – and an epilogue yet to play out in French prison. The story begins almost a decade earlier… Read More
19th November 2018
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss group told Reuters. “The interest has increased, for political reasons and for… Read More
12th November 2018
The European Commission has launched proceedings against the Isle of Man after its probe into the Paradise Papers uncovered widespread VAT evasion in the yacht and aviation industries in the bloc. The EU investigation was launched following the Paradise Papers exposé which showed – amongst other issues – that wealthy… Read More
9th November 2018
French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG (UBSG.S) to be fined 3.7 billion euros (3.22 billion pounds) for helping wealthy French people evade taxes. After a seven-year investigation and aborted settlement negotiations, UBS faces accusations of laundering the proceeds of tax fraud and… Read More
8th November 2018
The United Kingdom has officially launched the National Economic Crime Centre (NECC) which will see government agencies and the private sector work together to combat economic crime such as money laundering and fraud. Based in London at the National Crime Agency’s headquarters, the NECC will house officers from HM Revenue… Read More
8th November 2018
AP — German prosecutors say they have searched the Munich offices of investment firm BlackRock, which said it was cooperating in a probe of a tax scheme known as “cum-ex” transactions that has drawn the attention of law enforcers. Prosecutors in Cologne said Wednesday they… Read More
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EU agency: Cocaine dealers’ technology use complicates busts

AP — The European Union agency that monitors drug abuse says cocaine dealers are increasingly using social media and encrypted communications to do business, making it harder for authorities to crack down on the trade. The European Monitoring Center for Drugs and Drug Addiction agency… Read More

Senate rebukes Saudi Arabia over Khashoggi, Yemen war

AP — Senators voted Thursday to recommend that the U.S. end its assistance to Saudi Arabia for the war in Yemen and put the blame for the death of journalist Jamal Khashoggi squarely on Saudi Crown Prince Mohammed bin Salman, in a direct challenge to both… Read More